Societal mood is what leads to trends in markets and even wars with other nations.
As mood becomes more pessimistic as here the Nasdaq 100 demonstrates, as it fell
Russia invaded the Ukraine 2 months into Nasdaq's fall from it's all time highest highs.
Now as a sideways motion of "trendlessness" suggest that the pessimistic mood may be
waining. Little desire to trend downwards which suggests pessimism. And enough evidence
technically that the markets could start trending upward once again. This could suggest
that the war in Ukraine could be coming to a close soon IF optimism returns and markets
are bought and start trending back up. A long time coming, but I have been on top of
these big societal mood swings. My first charts on TV suggested massive sell offs and I
was right and timely. Good luck going forward.
As mood becomes more pessimistic as here the Nasdaq 100 demonstrates, as it fell
Russia invaded the Ukraine 2 months into Nasdaq's fall from it's all time highest highs.
Now as a sideways motion of "trendlessness" suggest that the pessimistic mood may be
waining. Little desire to trend downwards which suggests pessimism. And enough evidence
technically that the markets could start trending upward once again. This could suggest
that the war in Ukraine could be coming to a close soon IF optimism returns and markets
are bought and start trending back up. A long time coming, but I have been on top of
these big societal mood swings. My first charts on TV suggested massive sell offs and I
was right and timely. Good luck going forward.
Comment:
Important rejections at the 50 and 200mas suggests this will move further down
Comment:
It is not only in tech but most USD cross fx pairs, all cryptos etc
Comment:
That was a speedy bounce off the ma's. I still suspect the war in Ukraine will come to a close. BUT I suspect Putin will be overthrown or $&%&**$